Scott Fitzgerald Sells 3,000 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CMO Scott Fitzgerald sold 3,000 shares of Intapp stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total transaction of $193,140.00. Following the sale, the chief marketing officer now directly owns 39,212 shares in the company, valued at approximately $2,524,468.56. This trade represents a 7.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Scott Fitzgerald also recently made the following trade(s):

• On Monday, December 2nd, Scott Fitzgerald sold 3,000 shares of Intapp stock. The stock was sold at an average price of $63.53, for a total transaction of $190,590.00.
• On Thursday, November 21st, Scott Fitzgerald sold 5,221 shares of Intapp stock. The shares were sold at an average price of $59.30, for a total transaction of $309,605.30.

Intapp Trading Down 1.6 %

INTA stock opened at $62.64 on Tuesday. The business’s fifty day moving average price is $61.67 and its 200 day moving average price is $48.78. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $71.34. The company has a market capitalization of $4.85 billion, a PE ratio of -216.00 and a beta of 0.73.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. Research analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on INTA shares. Truist Financial boosted their target price on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Piper Sandler restated an “overweight” rating and issued a $60.00 target price (up from $46.00) on shares of Intapp in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Stifel Nicolaus upped their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Barclays lifted their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.64.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of Intapp by 3.7% in the 4th quarter. Nordea Investment Management AB now owns 105,940 shares of the company’s stock valued at $6,860,000 after acquiring an additional 3,819 shares during the last quarter. Franklin Resources Inc. increased its stake in Intapp by 28.4% in the third quarter. Franklin Resources Inc. now owns 456,619 shares of the company’s stock valued at $22,173,000 after purchasing an additional 100,982 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Intapp during the third quarter worth approximately $64,000. Sanctuary Advisors LLC purchased a new stake in shares of Intapp during the 3rd quarter worth approximately $239,000. Finally, Virtu Financial LLC acquired a new position in shares of Intapp in the 3rd quarter valued at $609,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Company Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.